Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Credit Suisse plans absolute return barrier notes on S&P 500, Russell
By Toni Weeks
San Luis Obispo, Calif., Feb. 12 - Credit Suisse AG plans to price 0% absolute return barrier securities due March 2, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event occurs if either underlying index finishes at or below its knock-in level, 58% to 62% of the initial level.
If the worst-performing index finishes at or above the initial level, the payout at maturity will be par plus the return of the worst-performing index.
If the worst-performing index falls and a knock-in event has not occurred, the payout will be par plus the absolute value of the return of the worst-performing index.
Otherwise, investors will be fully exposed to losses of the worst-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price Feb. 27 and settle March 4.
The Cusip number is 22547QHW9.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.